Inside Crimson Education: Our Global Offices and Team
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If you are looking to earn a six-figure salary after graduating, then the New York Times has a new tool that could help. And the best choice for this high salary would be to attend the California Institute of Technology. Only two Ivy League schools - UPenn and Princeton - make the top 10 for highest median incomes.
The new tool helps students come up with their own rankings based on what is important to them. The Times used Department of Education data to inform the tool’s rankings, and specifically looked at median income in 2020 among those who attended the schools 10 years ago — regardless of completion — and received federal aid. Median debt is also a factor that is considered in these rankings. Former Caltech attendees earn a median income of $112,166 a decade after starting school, making them the highest earners among the nearly 900 colleges ranked. The median debt among graduates is $17,747.
Other universities in the top 10 are MIT, Harvey Mudd, Bentley, Carnegie Mellon, Stevens Institute of Technology, Stanford and Georgetown. While Princeton graduates earn a median salary of $95,689, they also have the lowest debt of $10,450.
Overall, the median annual income for all full-time workers ages 25 to 34 — roughly the age range of those who would have started college 10 years ago — was $52,832 at the end of 2022, Labor Department data shows. College graduates bring in significantly more than those who don’t finish. Bachelor’s degree holders ages 25 to 34 earned a median annual income of $59,600 in 2020, compared with $36,600 for those in the same age group who only completed high school, according to the National Center for Education Statistics.